24 June 2008
We are engaged in manufacturing of goods. We have purchased during the year 2007-08 panesl board for electric installation. Please let me us about rate of depreciation for this itme.
Rate of Depreciation applicable of income tax purpose
24 June 2008
Panels board is an electrical fittings. The electrical fitting can under the 4th block i.e. Furniture and fixture as per the companies Act. Therefore the rate is 18.10%
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